Home Buying in Richmond>Question Details

Joe, Home Seller in 77406

What is the current status of the River's Edge Development in Richmond?

Asked by Joe, 77406 Mon Feb 23, 2009

I've noticed several homes for sale, as well as empty lots.

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It just so happens I have been doing comps on several neighborhoods in this area and I have information on Rivers Edge. These are mainly Newmark, David Weekley and Perry homes. The new construction homes are going for $80 to $90 sq ft. The preowned homes 2004 thru 2008, between $85 and $90. These are 3 and 4 bedroom homes, 2000 to 4000 sq ft usually 2.5 or 3.5 baths. Preowned homes in the last 3 months sold for an average of $74 sq ft, were on the market an average of 122 days and homeowners are getting an average of 95% of their listing prices. There hasn't been very many foreclosures in this neighborhood although there is a short sale active right now that is selling for $80 sq ft, 4026 sq ft, 4/3.5. Hope this helps.
0 votes Thank Flag Link Wed Aug 12, 2009
Heard very positive things about the community; great people; great homes!

Economic downturn has put new building on hold for the time-being.
0 votes Thank Flag Link Mon Jun 15, 2009
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